If You Missed It: The Apparently Less-Known Ties of Mark Walter and Carvana
I think I buried the lede on this one in my weekend wrap.
▶Over the weekend, in my Wrap, I had a follow-up behind the paywall on evasion at Carvana CVNA 0.00%↑.
It seems I might have buried the lede in the very last paragraph:
Walter is the CEO of Guggenheim Partners and the former LA Lakers owner, who is being investigated for potential fraud by allegedly concealing over $16 billion in related-party loans and investments.
Why did I leave the best for last? Silly me… I assumed his involvement was well-known, since it has been disclosed in every proxy since Carvana went public, including the most recent:
But there’s one more twist…